Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia - 2023

Contents:

1. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia (CIF) - 2022
2. Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia (FOB) - 2022
3. Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia
4. Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia (CIF) - 2022

The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $7,377 per ton in 2022, shrinking by -7.8% against the previous year. Over the period under review, the import price, however, enjoyed moderate growth. The growth pace was the most rapid in 2021 an increase of 75% against the previous year. As a result, import price attained the peak level of $7,999 per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,698 per ton), while the price for Poland ($4,344 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia (FOB) - 2022

The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $10,282 per ton in 2022, with an increase of 14% against the previous year. Overall, the export price recorded measured growth. The most prominent rate of growth was recorded in 2020 an increase of 71%. As a result, the export price attained the peak level of $13,888 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($11,502 per ton), while the average price for exports to Denmark ($3,624 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia

In 2022, approx. 892 tons of stainless steel; flat-rolled products of width less than 600mms were imported into Latvia; increasing by 15% on 2021 figures. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of stainless steel; flat-rolled products of width less than 600mms expanded rapidly to $6.6M in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 220% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Latvia in 2022:

1. Denmark (316.1 tons)
2. Germany (200.1 tons)
3. Italy (126.8 tons)
4. Poland (74.5 tons)
5. Sweden (62.5 tons)
6. Lithuania (40.3 tons)
7. Turkey (23.0 tons)
8. Russia (19.1 tons)

Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Latvia

In 2022, exports of stainless steel; flat-rolled products of width less than 600mms from Latvia contracted dramatically to 82 tons, which is down by -38% on the year before. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,055% against the previous year. As a result, the exports attained the peak of 132 tons, and then contracted significantly in the following year.

In value terms, exports of stainless steel; flat-rolled products of width less than 600mms declined significantly to $844K in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 652% against the previous year. As a result, the exports attained the peak of $1.2M, and then fell remarkably in the following year.

Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Latvia in 2022:

1. Russia (64.7 tons)
2. Turkey (6.6 tons)
3. Denmark (6.4 tons)
4. Germany (2.2 tons)
5. Estonia (0.8 tons)

Source: IndexBox Market Intelligence Platform